Taurus completes Hedera integration for over 40 banks

Taurus has finished integrating Hedera’s full stack. The work took 18 months and wrapped up on Aug. 5. That means more than 40 banks and regulated financial institutions can now access custody, staking, token issuance, node infrastructure and smart contract deployment through a single provider.

Five functions under one roof

The integration covers five main areas. Institutions can custody and stake HBAR, Hedera’s native asset, with the same controls they use for other assets inside Taurus. They can also access node infrastructure and issue tokens through the Hedera Token Service. That service supports both fungible and nonfungible native assets.

The newly added smart contract layer uses Hedera’s EVM-compatible Smart Contract Service. This lets banks, issuers and technology partners deploy Solidity-based applications using familiar Ethereum development tools. Tokenized bonds, funds and stablecoins were mentioned as likely use cases, but no specific product, customer launch or transaction volume was announced.

A single platform instead of repeated integrations

Taurus and The Hashgraph Association present this as a way to reduce vendor fragmentation. A bank that starts with HBAR custody can later add staking, tokenization or programmable products without picking another infrastructure provider and going through a separate integration process. That is the stated expectation, not a proven saving. Taurus did not publish figures on time, cost or compliance work avoided.

The president of The Hashgraph Association, Kamal Youssefi, said regulated institutions can now enter the Web3 space with ease and confidence. That reads more like an organizational goal than verified customer adoption. Taurus’s website names State Street, Deutsche Bank and CACEIS among institutions using or partnering with its technology, so the bank count in the announcement checks out.

Building on an earlier partnership

Taurus and The Hashgraph Association began their strategic partnership in January 2025. Early stages brought HBAR custody and staking to Taurus-PROTECT and added Hedera Token Service support to Taurus-CAPITAL. Taurus joined the Association’s Global Membership Program in July 2026. The final smart contract phase extends the earlier work beyond holding HBAR and issuing native tokens. It gives tokenization engines, stablecoin issuers and fund administrators a route to build Hedera products while keeping custody and controls inside Taurus.

In June, Taurus also integrated P2P.org staking infrastructure. That allowed banks to participate in proof-of-stake networks without moving assets outside existing Taurus workflows. The Hedera rollout applies the same single-platform approach to a wider set of network functions.

Live bank products are still the next test

The announcement confirms technical readiness, not demand. Taurus and The Hashgraph Association did not disclose pricing, the number of clients that asked for Hedera support, or the value of HBAR and tokenized assets currently held through the platform. The next meaningful evidence will be live products from Taurus clients. Those could be a tokenized bond, regulated fund, stablecoin or another programmable asset running on Hedera’s smart contract service. Public transaction data and named institutional issuers would show whether the integration moves beyond infrastructure.

Hedera has been adding tokenization tools elsewhere. Crypto.news reported that Hedera added ERC-3643 support to its Asset Tokenization Studio and that KAIO expanded institutional fund offerings on the network. That suggests an active developer community. But Taurus still needs to convert its banking reach into disclosed Hedera deployments before we can call this a market shift.

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Last Updated on August 7, 2026 by Alisha